4 indicators show that the price of Bitcoin is about to rise above 100,000 dollars

Bitcoin is showing strong signs of an upcoming price increase, driven by positive price patterns and solid fundamental factors. This expectation is further reinforced by the buying moves of companies, based on the high likelihood of interest rate cuts in the FOMC meeting taking place on May 6-7.

The technical chart indicates a breakout

Two reputable chart experts, known for their high accuracy, are optimistic about Bitcoin's potential for a recovery in the coming weeks.

Ali Martinez shows Bitcoin surpassing the 50-day SMA

Cryptocurrency chart expert Ali Martinez predicts that Bitcoin could surpass the 50-day simple moving average (SMA), followed by the 200-day SMA.

Breaking above the 50-day SMA is a sign that Bitcoin's short-term momentum is increasing, which is crucial in helping Bitcoin escape the bearish trend. Once it surpasses the resistance level at 87,250 USD, Bitcoin could continue to rise to 94,100 USD.

Rekt Capital predicts that Bitcoin will begin a price increase after reaching 86,900 USD

Rekt Capital, one of the most accurate analysts, has correctly predicted the behavior of Bitcoin before and after the halving in 2024, now believes that when it surpasses the level of 86,900 USD, Bitcoin could begin another price surge towards 93,700 USD.

Open interest rises sharply

In the past 30 days, the open interest of Bitcoin futures has increased by 30%, from $45 billion to $58 billion. This increase is often a precursor to rising demand for Bitcoin. Data from Coinglass clearly records this increase from March 12 to April 13.

Bitcoin futures open interest saw a 30% increase last monthOpen interest is considered an indicator of market participation, and higher OI is often the result of greater market involvement.

The next FOMC meeting of the Fed on May 6-7

The US Fed is expected to cut interest rates by at least 0.25% in the upcoming FOMC meeting, due to lower inflation in March 2025 at 2.4%. This rate cut is anticipated to help the cryptocurrency and stock markets recover from the liquidity crisis that occurred in the first quarter of 2025. In the most recent FOMC meeting, the Federal Reserve announced a halt to quantitative tightening and will begin to ease quantitative measures.

Strong buying from companies

In the past month, cryptocurrency companies such as GameStop, Strategy, Metaplanet, Marathon Digital, along with many smaller businesses, have purchased at least 3 billion USD of Bitcoin, with plans to buy at least another 20 billion USD by 2025.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making any decisions. We are not responsible for your investment decisions.

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Mr. Teacher

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